Why debt is tax free - Robert Kiyosaki

👇Grab your Free Ebook Here ⏳👇

The Best Books to build a Billion Dollar Business: *

How to become a Master Salesperson: *

How to Max Out your Life: *

How to Build a Real Estate Empire: *

* Affiliate Links

#SHORTS #robertkiyosaki #robertkiyosakiquote #taxfree #incomecash #inspireeachother #inspiringgreatness #inspiringgeneration #billionairesmindset #billionaireboys #billionairegoals #billionairebehaviour #billionairetips #billionaireinthemaking #businesstipsandtools #businesstipsoftheday #hustlersclub #hustlershub #hustlerslife #passivemoney #passiveincometips

[lenidy_]

Make sure to SUBSCRIBE to our Channel and let us know what your Biggest Takeaways are from this Video!

[shadesofgandalf]

You don't pay tax
You pay interest

[MarceloJNader]

Using loans (aka debt) to buy assets that will create money. A business model that creates jobs or commercial rental properties. Eventually you pay back the bank’s initial investment plus interest. And you get to keep the asset and the profit. That’s how you make money by using debt. Not your savings, but debt!

[azharimasri]

It only works if:
1. Return of your assets > initial + interest of debt
2. You have collateral (initial asset) to use debt previlage

He dont teach you how to become rich from zero, but how to be richer when you already rich.

[leemcfarland]

A loan is temporary money. You have to pay it back. Income is money you earned and you keep it. That is taxed. He is great at confusing everyone.

[josephbarker]

It's tax-free because it's not your money. You have to pay it back with interest, using money that you paid taxes on. It's more expensive.

[MarkDaynes]

A government doesn't tax you solely to collect money, as it has the power to print its own. You are taxed to limit your choices and increase control over you. Taxation allows for the illusion of freedom. You might feel free because you earn money that grants you choices, but the government implements strategies such as income tax, capital gains tax, estate taxes, inflation and fines to take your money. Pysecology suggests that by moving the bars far enough away, the prisoner perceives an illusion of freedom, and that's what's happening here: your right to work and earn gives you the illusion of freedom, while taxes act as the bars that keep you confined."

[moinasaikia]

There's no tax in Debt because there's a same thing named different word also known as intrest

[morningstar]

This makes me wanna rented out my house and sleep on a sidewalk.

[lovessmooch]

Interviewer Soo hurt, he don't even wanna be there anymore

[Tdawg]

You may not pay taxes but you get absolutely shafted on interest.

[jasonyuan]

OK get in debt buy assets, except you need a high paying job to buy it. He needs to teach what assets to start out with if your poor

[vaxokoko]

You pay interest on the borrowed money. You can borrow and buy assets to make more money IF the bank actually gives you a loan. Also at one point you start paying that money back.

[TRUESKATE]

You don't pay taxes on debt because you pay interest, but when you allocate your debt into cash flow assets, then the cash flow from those assets should cover all expenses while being net positive

[neilwelsh]

What would you prefer to pay, 22% or 6%? Tax is roughly 22% and interest is roughly 6% so you would save 16% im in the UK.

[dknandez]

"Bank love people who borrow money"
Me asking for a loan: sir, you just turned 18. Please have 10 yrs of great credit history and a 900 on your credit score.

[mbull]

But you're paying the lender interest.

[azir]

You don't pay taxes, you pay interest

[azharimasri]

When you borrow money for business, government will have 2 source of income taxes:
1. Your interest payment (as Bank's income)
2. Your own business' income

[ayonsg]

Just saying... we have to repay that debt...